Cybersecurity Market Analysis, Share, Size, Trends, Industry Growth, Segments and Forecasts to 2027

 

Market Highlights

Cyber security is a mix of procedures, technologies, and practices for protecting computer systems, data, and programs from unlawful access. Cyber security, also known as cyber or computer safety, has experienced substantial expansion. This owes to the availability of multiple alternatives for data-safety. Key drivers of cyber safety include adoption of cloud & web applications and stern policies on the same.

High inclination towards the development of stable mobile services, smart devices, data & systems, and data analytics should result in pioneering transformations across nursing & medicine sectors. E-health has also stemmed from infrastructures that facilitate the sharing & hosting of wider clinical information in accordance to security & credibility regulations.

Transportation has gotten complicated with time. Conveyance systems involve complex sub-components and overall controls in independent and highway traffic systems. This situation requires secure & reliable systems, maintaining ‘human-safety.’ The energy sector uses these systems to prevent natural catastrophes, accidents, and electric failures.

Smart grids have introduced durable infrastructures. Simple & obvious passwords are easy to crack and help fugitives gain access to important files & folders. However, surpassing the boundaries of ‘password-hacking,’ shrewd criminals are attempting to adopt smarter methods of stealing personal or company data.

Recently, the ‘Telstra Foundation’ launched ‘Project Rockit’ online. This project is ‘youth-centric,’ aims to fight ‘cyber-bullying,’ and targets the ‘7 to 9’ age group. Cyber security is split into securities, services, solutions, verticals, deployments, and geographical regions. Eminent firms comprise Symantec Corporation, Sophos Ltd, Cisco Systems, IBM Corporation, and Intel Security.

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Segmentation:

The global cybersecurity market has been segmented based on component, organization size, deployment, security type, vertical, and region/country.



Based on the component, the global cybersecurity market has been divided into solutions and services. The solutions segment has been categorized as risk and compliance management, identity and access management, unified threat management, disaster recovery, firewall, web filtering, antivirus, data loss prevention, security information and event management and others. The services segment has been divided into managed services and professional services. The professional service is further classified as consulting, training & education, support & maintenance, and design & integration.

On the basis of security type, the global cybersecurity market has been divided into small- and medium-sized enterprise (SME) and large enterprise.

Based on the organization size, the global cybersecurity market has been categorized as wireless security, network security, endpoint security, application security, cloud security, and others.

Based on the deployment model, the global cybersecurity market has been segmented into the cloud and on-premise.

On the basis of vertical, the global cybersecurity market has been divided into BFSI, healthcare, manufacturing, IT & telecommunication, government, retail, aerospace &defense, and others.

Regional Analysis

The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world. North America accounted for the most significant market share, as the number of cyber-attacks is increasingly growing due to the businesses deploying cybersecurity solutions for security purposes. The US leads the North American market, as it is the most technologically developed region, and also has a strong cloud technology adoption.

Due to the rising need to combat cyber attacks, Asia-Pacific is projected to be the fastest-growing market during the review period. In addition, the businesses are increasingly adopting these technologies across all verticals to protect their network and data.

Key Players

The key market players operating in the global market as identified by MRFR are Intel Corporation (US), IBM Corporation (US), Symantec Corporation (US), HP Enterprise (US), Cisco Systems, Inc. (US), Rapid7, Inc. (US), EMC RSA (US), Carbon Black, Inc. (US), FireEye, Inc. (US), Trend Micro, Inc. (Japan), SecureWorks, Inc. (Dell Technologies)  (US), Sophos Ltd. (UK), Imperva (US), BAE Systems (UK), and Akamai Technologies (US).

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Cybersecurity Market Research Report: Information by Component [Solution (Identity & Access Management, Risk & Compliance Management, Unified Threat Management, Disaster Recovery, Firewall, Antivirus, Web Filtering, Data Loss Prevention, Security Information and Event Management and others) and Service (Managed Services, Professional Services-Training & Education, Consulting, Support & Maintenance and Design & Integration)], Organization Size (Large Enterprise and Small and Medium-Sized Enterprise), Deployment (Cloud and On-Premise), Security Type (Network Security, End Point Security, Application Security, Cloud Security, Wireless Security and others), Vertical (Manufacturing, BFSI, Healthcare, IT & Telecommunication, Retail, Government, Aerospace &Defense and others) - Forecast till 2025

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